Simplex Trading portfolio

What changed this quarter

3175 positions with a change (715 new, 821 added to, 929 trimmed, 710 sold); also, 20 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Alphabet−4.4 ppof portfolioReduced
  4.8% → 0.5%
• NVIDIA−30%fewer sharesReduced
  7.9% → 7.7%
• iShares 20+ Year Treasury BD ETF+60%more sharesIncreased
  4.2% → 7.3%
• Tesla−1.7 ppof portfolioSold out
  1.7% → —
• Micron Technology−1.6 ppof portfolioSold out
  1.6% → —
• United STS Oil Fund−76%fewer sharesReduced
  1.4% → 0.5%
• Microsoft−49%fewer sharesReduced
  1.9% → 1.6%
• Taiwan Semiconductor Manufacturing−72%fewer sharesReduced
  1.8% → 0.6%
• State Str Spdr S&P 500 ETF T−1.0 ppof portfolioSold out
  1.0% → —
• Meta Platforms−0.9 ppof portfolioSold out
  0.9% → —
• Broadcom−0.8 ppof portfolioSold out
  0.8% → —
• ServiceNow−98%fewer sharesReduced
  0.8% → under 0.1%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA7.7%
• iShares 20+ Year Treasury BD ETFTLT7.3%
• iShares Russell 2000 ETFIWM4.3%
• Amazon.comAMZN4.0%
• iShares Semiconductor ETFSOXX2.9%
• OracleORCL2.5%
• Ishares TrHYG2.5%
• AppleAAPL2.0%
• MicrosoftMSFT1.6%
• Roundhill ETF TrustDRAM1.6%
• SPDR Gold Shares ETFGLD1.6%
• ASML HoldingASML1.2%
• Freeport-McMoRanFCX1.0%
• Direxion Shares ETF TrustSOXL0.9%
• Cigna GroupCI0.8%
• State Street Industrial Select Sector ETFXLI0.8%
• CitigroupC0.6%
• State Street Technology Select Sector ETFXLK0.6%
• GE VernovaGEV0.6%
• Taiwan Semiconductor ManufacturingTSM0.6%
• IsharesEWZ0.6%
• AST SpacemobileASTS0.6%
• United STS Oil FundUSO0.5%
• Marvell TechnologyMRVL0.5%
• NokiaNOK0.5%
• WalmartWMT0.5%
• Invesco QQQ Trust Series 1 ETFQQQ0.5%
• Charter CommunicationsCHTR0.5%
• Fidelity Wise Origin BitcoinFBTC0.5%
• AlphabetGOOG0.5%
• Booking HoldingsBKNG0.5%
• Vistra OperationsVST0.4%
• Global X Uranium ETFURA0.4%
• Direxion Shares ETF TrustTMF0.4%
• St SR UTL SL SE SPDR ETF-usd ETFXLU0.4%
• iShares National Muni Bond E ETFMUB0.4%
• MongodbMDB0.4%
• Costco WholesaleCOST0.4%
• SoFi TechnologiesSOFI0.4%
• Barrick MiningB0.4%
• Boston ScientificBSX0.4%
• Kranesh CSI China Internet ETFKWEB0.4%
• Robinhood MarketsHOOD0.4%
• Listed Funds TrMAGS0.4%
• Circle Internet GroupCRCL0.3%
• Bristol-myers SquibbBMY0.3%
• Bank of AmericaBAC0.3%
• Western DigitalWDC0.3%
• UnitedHealth GroupUNH0.3%
• UBER TechnologiesUBER0.3%
• Charles River Laboratories InternationalCRL0.3%
• Johnson & JohnsonJNJ0.3%
• Nebius GroupNBIS0.3%
• Palantir TechnologiesPLTR0.3%
• Cisco SystemsCSCO0.3%
• AppLovinAPP0.3%
• ProShares Ultrapro Short QQQ ETFSQQQ0.3%
• EchoStarECHO0.3%
• DowDOW0.3%
• Akamai TechnologiesAKAM0.3%
• Energy TransferET0.2%
• PayPal HoldingsPYPL0.2%
• International Business MachinesIBM0.2%
• Chipotle Mexican GrillCMG0.2%
• Hewlett Packard EnterpriseHPE0.2%
• NikeNKE0.2%
• TerawulfWULF0.2%
• Nu HoldingsNU0.2%
• VALEVALE0.2%
• FortinetFTNT0.2%
• Regeneron PharmaceuticalsREGN0.2%
• PepsicoPEP0.2%
• AstrazenecaAZN0.2%
• DuolingoDUOL0.2%
• Canadian Pacific Kansas CityCP0.2%
• Occidental PetroleumOXY0.2%
• IntelINTC0.2%
• Cipher DigitalCIFR0.2%
• SNAPSNAP0.2%
• State Street SPDR S&P Regional Bank ETFKRE0.2%
• iShares Silver Trust ETFSLV0.2%
• Hut 8HUT0.2%
• Mettler-Toledo InternationalMTD0.2%
• Kodiak SciencesKOD0.2%
• Oscar HealthOSCR0.2%
• ModernaMRNA0.2%
• Cardinal HealthCAH0.2%
• Applied DigitalAPLD0.2%
• Pan American SilverPAAS0.2%
• Bank of New York MellonBNY0.2%
• Hyperliquid StrategiesPURR0.1%
• MercadoLibreMELI0.1%
• Iovance BiotherapeuticsIOVA0.1%
• First Majestic SilverAG0.1%
• iShares Ethereum Trust ETFETHA0.1%
• DICK'S Sporting GoodsDKS0.1%
• CVS HealthCVS0.1%
• BHP GroupBHP0.1%
• Navitas SemiconductorNVTS0.1%
• Eos Energy EnterprisesEOSE0.1%